World Network and Visa in conversation about innovative Stablecoin Wallet: Market reacts positively to possible partnership

<p> <strong> World Network and Visa in conversation about innovative Stablecoin Wallet: Market reacts positively to possible partnership </strong> </p>

World Network and Visa: Possible partnership for the development of a stable coin wallet

The world of cryptocurrencies and stable coins could soon take a new turn, as reports report that World Network, formerly known as WorldCoin, is in negotiations in negotiations on an innovative stable coin wallet. The aim of this cooperation would be to provide crypto functions for millions of visa users. Although these talks are still in the initial phases, the market is already reacting positively: the World Coin course has increased by 13 percent since the negotiations became known.

background of the partnership

World Network is a blockchain-based biometric identification system that aims to secure the digital identity of users and at the same time enable access to cryptocurrency services. Tools for Humanity, the parent company of World Network, initiated the dialogue with Visa to develop a stable coin wallet that could potentially be integrated into Visa's large customer portfolio.

According to the CEO of Openai, Sam Altman, this wallet could be equipped with on-chain card functions and enable stable coin payments via the Global Network of Visa, which makes the wallet a "mini bank account" for users. These functionalities could contain direct exchange courses and Fiat ramps that make it easier for users access to various currencies.

historical price movements of Worldcoin

The past few months have been turbulent for the World Coin course. After a dramatic decline in the first half of 2024, the course showed a short recovery, but was braked several times by sales and regulatory challenges. The current price increase of 13 percent is a response to news about discussions with Visa and the potential future vision of the company.

Visas engagement in the crypto area

VISA has worked with several crypto companies and entered the regulated market for digital assets (RWA) in 2024. Cooperation with Coinbase for the introduction of Visa debit cards made it possible to carry out immediate money transfers. Nevertheless, Visa has found challenges in the Stablecoin market that could possibly threaten their business area.

The role of stablecoins in the financial world

It is increasingly expected that stable coins will take a larger part of the global financial system. Donald Trump recently expressed that this digital currency could play an important role in promoting the dominance of the US dollar worldwide. These comments could also motivate Visa to examine the possibilities of working with World Network, even if current discussions are still early and non -binding.

FAZIT

The conversations between World Network and Visa could have far-reaching consequences for the future of cryptocurrencies and their integration into the mainstream financial sector. While the negotiations are still in the early stages and the exact probability of a deal is unclear, interest in the WorldCoin course remains high. It remains to be seen whether this potential partnership can achieve the desired goals and what role stable coins will play in the global financial landscape in the future.